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20130124
20130201
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, moscone north and moscone west. and in that order. and those were backed by hotel tax revenue. in addition, in 2009 the board approved the delivery of certificates of participation as well as the establishment of a [speaker not understood] improvement district allowing for the district to levy assessmentses of up to 1.5% to do improvements. .5% of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. so, we've already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. and we also partnered with sf travel improvement. we are now proposing as part of the expansion another collaboration. so, this is similar to what we've done historically. >> thank you. >> this slide is a highlight of attachment 3 of the budget analyst and legislative report. it shows you a huge cash flow. we are proposing a not to exceed amount of 507.9 million, and we've assumed an interest rate of 6%. we are requesting that as part of the appr
the capacity to accommodate 100% of the demand, the job benefit and the tax benefit for the city would be greater. and with that i'll take any questions that you have, supervisors. >> thank you, mr. eagan. just, again, to summarize here. in terms of the financing. so, 70% is going to be paid for by the expansion district so 30% by the city general fund. it's going to create thousands of jobs in terms of both construction and long-term. i think your job numbers here, were these annual jobs? >> they're annual averages. they're different year to year but that's the average. >> 800 annual jobs in the construction phase. a little over 1200 fern netctionv jobs on an annual basis going forward. and the city's general fund will be technically in the black here, making money off of this? >> yes. >> proposal. and, again, with more commercial paper capability, it would be even more in the black. >> excuse me, supervisor. it's not necessarily true that the general fund will be. i'm counting the hotel tax as a whole. so, not all the hotel tax goes to the general fund. >> fair enough. i get where yo
Search Results 0 to 1 of about 2